Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY 2024, which concluded in December 2023. Excluding a remarkable 14.76-carat blue gemstone recovered from the Cullinan Mine, which will be sold […]

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Petra Diamonds Ltd, releasing its figures for the six-month period ended December 31, 2019, said that revenue was down 6% while adjusted EBITDA fell 11% under the impact of a decline in rough diamond prices. It added that this was in addition to a slower start to the calendar year, particularly at Cullinan and the […]

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Petra Diamonds Limited announces the Trading Update for the period from 1 July 2019 to 18 October 2019, covering production and sales from 1 July 2019 to 30 September 2019 that is Q1 FY 2020 & that summary says Q1 production up 1% to 1,082,764 carats over Q1 FY 2019 of 1,068,140 carats and on […]

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Announcing its preliminary (unaudited) results for the year ended June 30, 2019 (FY 2019), Petra Diamonds Limited reported that its revenue of US$ 463.6 million, had decreased by 6% as compared to a revenue of US$ 495.3 million earned in FY 2018; adding that “diamond prices realised by Petra (were) down ca. 5% in line […]

The post Petra’s Revenue Decreases By 6% Y-o-Y to Reach US$463.6 Mn; Net Loss Widens appeared first on The Jewelry Magazine.

Petra Diamonds commented on the release of its share price performance for the financial year of 2019, saying it delivered “solid set of operational results for 2019,” with improved safety, a production of 3.87 million carats – in line with guidance – and lower capital expenditure of $81.7 million, down from US$129.6 million in 2018 […]

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